In an official statement released on January 3, 2024, the Nigerian National Petroleum Company (NNPC) Ltd. sought to allay concerns over a potential surge in the cost of Premium Motor Spirit (PMS), more commonly known as petrol.
According to a statement by the company’s Chief Corporate Communications Officer, Olufemi O. Soneye, the NNPC Ltd. categorically denies any plans for an imminent increase in PMS prices.
The public is urged to dismiss baseless rumours circulating on social media and other platforms.
Motorists nationwide are encouraged to remain calm and refrain from panic buying, as the NNPC assures the public of ample availability of PMS throughout the country. The statement underscores the commitment of NNPC Ltd. to providing stability in fuel prices and ensuring a steady supply of PMS for the benefit of all Nigerians.